Comtech Telecommunications Corp. Receives $30.0 Million in Movement Tracking System Orders Including First Order for Its Next Generation Transceiver
August 9, 2005 at 8:00 AM EDT
MELVILLE, N.Y., Aug 09, 2005 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corp., has recently received orders totaling $30.0 million related to its Movement Tracking System, or MTS contract, with the U. S. Army Logistics Command. These orders encompass purchases of mobile satellite transceivers, ruggedized computers, spares, satellite capacity, as well as installation, training, and engineering support. Total orders received to date against the $418.2 million contract increased to $189.0 million.
The orders include $18.5 million for purchases of Comtech's next generation satellite transceiver, which features embedded RFID and secure GPS capabilities. The satellite capacity portion of the order includes bandwidth and network management services in support of Operation Iraqi Freedom. The remaining orders are for installation, training, and general support activities in Kuwait, Iraq, and at selected U. S. Army bases in the United States.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are delighted by the receipt of these substantial orders, but we are most excited about the deployment of our next generation transceiver; a product developed in close cooperation with our customer to specifically address the logistics community's needs. These orders clearly demonstrate the breadth of our support to this critical program, and we look forward to continuing to meet the needs of the U. S. Army on this important contract."
Comtech Mobile Datacom Corp., a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company conducts its business through three complementary segments: telecommunications transmission, mobile data communications, and RF microwave amplifiers. The Company offers niche products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
SOURCE: Comtech Telecommunications Corp.
Comtech Telecommunications Corp.
Fred Kornberg or Robert G. Rouse, 631-777-8900